Intel Stock Is Up 124% This Year and AMD Is Up 100%: Is the NASDAQ Correction a Take-Profit Signal?

Quick Read

• Intel surged 124% YTD connected its champion gross maturation successful 15 years, portion AMD doubled connected a 57% leap successful information halfway revenue.

• NVIDIA and Broadcom way with conscionable 3% and 8% YTD gains but transportation acold much grounded P/E multiples than AMD's stretched 142x.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and AMD didn't marque the cut. Grab the names FREE today.

The NASDAQ 100 has slipped into correction mode, and the absorption wrong semiconductors isn't what astir marketplace watchers expected. So far, this year's biggest winners aren't the AI kings; they're the erstwhile laggards.

Intel (NASDAQ:INTC) banal is up 124% twelvemonth to day (YTD), and Advanced Micro Devices (NASDAQ:AMD) banal is up 100%. Meanwhile, Broadcom (NASDAQ:AVGO) shares person added conscionable 8%, and NVIDIA (NASDAQ:NVDA) banal is lone up 3%. That flip has traders asking whether the pullback is simply a cue to fastener successful gains connected the runners.

The iShares Semiconductor ETF (NASDAQ:SOXX) has ridden the aforesaid wave, with the ETF up 55%. That's a beardown fig for a passive vehicle. Note, though, that the SOXX ETF embeds the attraction hazard that investors request to deliberation done earlier adding here.

The Rally That Reset Sector Leadership

Intel banal has much than doubled this twelvemonth connected renewed AI positioning, foundry progress, and improving execution. Intel's Q2 FY2026 results, filed connected July 23, 2026, showed gross of $16.128 billion, up 25.4% twelvemonth implicit twelvemonth (YoY), which CEO Lip-Bu Tan called the company's strongest maturation successful much than 15 years.

Advanced Micro Devices banal has climbed connected information halfway spot and expanding AI infrastructure deployments. AMD's Q1 FY2026 gross reached $10.253 billion, up 37.9% YoY, with Data Center gross increasing 57% to $5.775 billion.

The determination has flipped accepted contented for AMD and Intel. For astir of the AI era, NVIDIA and Broadcom acceptable the assemblage gait portion Intel struggled to specify its place.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and AMD didn't marque the cut. Grab the names FREE today.

Valuations Tell a Different Story

Here's the tension. Intel has nary TTM P/E ratio due to the fact that the institution was not profitable implicit the trailing 12 months. Advanced Micro Devices trades astatine a TTM P/E ratio of 142.45x, an elevated aggregate adjacent for a fast-growing AI beneficiary.

Broadcom banal carries a TTM P/E ratio of 62.07x, and NVIDIA banal trades astatine 29.29x, the astir tenable aggregate of the group. That's a striking inversion. The 2 names with the largest rallies person the slightest charismatic earnings-based valuations, portion the 2 AI incumbents that lagged person the much grounded multiples.